Rundle Heights, Edmonton - October 2026 Real Estate Report
Rundle Heights, Edmonton: Your Neighbour Just Got a Surprise on Their Assessment - Here's Why You Should Check Yours Too
The Vibe Right Now
If you've been watching the "For Sale" signs in Rundle Heights, here's what's actually happening. The market is sending mixed signals depending on whether you own a house or a condo - and the difference matters for your wallet.
Houses: Taking a Breather
Let's be straight with each other. The average house sale price sits at $336,500 this month, but that's down 27.1% from last month. Before you panic, context matters - only 4 houses sold, up 33.3% from the month before. Low volume means one or two sales can swing the average hard. The real story is that those 4 homes sold for 103.47% of list price on average. Buyers are still paying over asking. That's not a collapsing market - that's a market catching its breath.
- Average sale price: $336,500
- Average list price: $269,900
- Price per square foot: $312
- Sold over list price: 103.47%
- Average days on market: 100 days
- Properties sold this month: 4
The predicted market value for houses sits at $354,337, which is just slightly off the 3-month moving average of $355,725. Values have dipped 0.88% recently. It's a wobble, not a freefall. On the neighbourhood leaderboard, Rundle Heights houses rank 72 out of 285 Edmonton neighbourhoods for growth - that puts us in the above-average tier. Days on market rank is 88 out of 116, so homes here do take a little longer to move than in faster pockets of the city. Price-wise, we rank 204 out of 285, which means we're in the more affordable half of Edmonton - and that's actually a selling point right now.
For landlords keeping an eye on the numbers, estimated rent comes in at $1,762 per month with a rental yield of 5.92%. That's a strong return by any measure.
Condos: A Different Story Entirely
Condos in Rundle Heights are doing something interesting. The average sale price is $144,000, up 4.7% from last month, and properties are moving in an average of 52 days - noticeably faster than houses. Only 2 condos sold, so we're working with a small sample, but the trend is pointing up.
- Average sale price: $144,000
- Average list price: $137,950
- Price per square foot: $168
- Sold at 99.03% of list price
- Average days on market: 52 days
- Properties sold this month: 2
The predicted market value for condos is $327,360, and that number is actually climbing above the 3-month moving average of $324,175. Values are up 0.71% recently. On the neighbourhood leaderboard, condo growth ranks 95 out of 297 Edmonton neighbourhoods - solidly above average. Days on market rank is 37 out of 113, meaning condos here sell faster than most comparable properties in the city. Price rank is 191 out of 218, putting Rundle Heights condos among the most affordable options in Edmonton. For buyers, that's an entry point worth paying attention to.
Rental yield on condos is 4.20% with estimated rent at $1,208 per month. Moderate, but steady.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's the thing most Rundle Heights homeowners don't realize. The city's assessed value for houses here averages $337,886. The HonestDoor Price for the same homes averages $347,027. That's a $9,141 gap - and the assessment is the number your property tax is based on, not what your home is actually worth in today's market.
For condos, the gap is even more striking. The average city assessment is $138,563. The average HonestDoor Price is $319,083 - that's 130.28% higher than what the city has on file. Government assessments are snapshots from the past. The HonestDoor Price is a real-world check updated in real time, pulling from actual transaction data. If you're making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number you want in your hand, not a figure the city calculated months ago.
Both the house and condo HonestDoor Prices have dipped slightly recently - houses down 1.96%, condos down 2.53% from the previous period. That's worth knowing before you list, not after.
The 'So What?' - Thinking About Selling This Summer?
If you own a house in Rundle Heights and you're thinking about listing this summer, the honest take is this: buyers are still paying over asking when they find the right home, but properties are sitting for around 100 days on average. You need to price it right from day one. Coming in too high and chasing the market down is the worst outcome. Use your HonestDoor Price as your anchor, not the city's assessment and not last year's neighbour's sale.
The neighbourhood growth rate of 0.09% year over year is modest. This isn't a neighbourhood exploding in value overnight - it's stable, affordable, and attracting buyers who want to get into Edmonton without overpaying. That's your pitch to buyers this summer.
For condo owners, the picture is a bit brighter. Prices ticked up, days on market are faster, and you're sitting in one of Edmonton's most affordable condo markets. If you've been on the fence, summer 2026 is a reasonable window to test the water.
- 38 house transactions recorded in 2026 so far across 629 assessed properties
- 15 condo transactions recorded in 2026 across 279 assessed properties
- Neighbourhood growth: 0.09% year over year (houses), 0.14% year over year (condos)
- Average rental estimate: $1,733 (all property types)
- Average Airbnb estimate: $86 per night
Bottom line - Rundle Heights is a steady, no-drama neighbourhood in a city where affordability still wins. Check your HonestDoor Price today. The gap between what the city thinks your home is worth and what the market will actually pay might surprise you.
rundle heights | edmonton | october 2026This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.